Azerbaijan's foreign trade turnover has fallen in 9 months

15:39 - 16.10.2024


October 16, Fineko/abc.az. Azerbaijan's foreign trade turnover reached $34.498 billion for Jan-Sept 2024 (11.8% less against the 2023 same term).

ABC.AZ reports with reference to the State Customs Committee that in foreign trade, export was carried out for $19.855 billion and import for $14.643 billion.

Over Jan-Sept 2024, exports decreased by 25%, while imports, on the contrary, increased by 16%.

As a result, positive balance of $5.212 million was formed in foreign trade (2.7-fold less versus Jan-Sept 2023).

In September 2024, Azerbaijan's exports totaled $1.623 billion and imports - $1.879 million. Thus, in September, deficit (negative balance) of $255.86 million was formed in the trade balance.